Chinese PV Industry Brief: Aiko Solar secures 2.5 GW module order

Aiko Solar announced a significant development in its business operations by entering into a strategic cooperation agreement with Tianjin Energy Group, a state-owned energy enterprise based in North China.

The agreement will see Aiko Solar become the supplier of choice for Tianjin Energy's future solar projects, encompassing utility-scaled PV, C&I distributed farm, and residential PV projects. As part of the collaboration, Tianjin Energy has committed to purchasing up to 2.5 GW of Aiko Solar's ABC module products. The partnership is expected to foster growth and expansion for both companies in the coming years.

Junda New Energy Technology Co., Ltd, the parent company of Chinese cell maker Jietai Solar (JTPV), has said it will launch an initial public offering (IPO) on the Hong Kong Stock Exchange. The move follows in the footsteps of Chinese inverter manufacturer Growatt, which recently planned an IPO in Hong Kong.  Traditionally, Chinese PV companies have preferred to launch their IPOs on stock markets within mainland China. The IPO process for Junda involves successfully filing with the China Securities Regulatory Commission and approval from the Hong Kong Stock Exchange and the Securities and Futures Commission of Hong Kong.